Self-Storage Retirement and Lifestyle

Statistically, 80% of all self-storage faciltities are Mom and Pop operations. In other words, it’s a small business venture. Sure, 20% of the business is owned by the big boys, but they are definitely in the minority. Self-storage owners are motivated to get into the business for different reasons, but there are certain factors that are common among most:

• If you have spent your life working for someone else, it’s an opportunity to own and operate your own business – to be self-employed.
• Since you will own the business, it gives you a degree of financial freedom. You’re the boss and you control the finances.
• You have the choice of operating the business yourself or treat it as an investment.
• It’s an opportuntity to own a business with family or friends, e.g., father and son, father and daughter, brothers, sisters, or partner with friends.
• Many owners treat it as a supplementary business that generates additional income.
• Because self-storage isn’t labor intensive, some look at self-storage as a business they can operate after retirement.
• It’s a business that’s steady even during tough economic times.